Refer to the data provided in Table 10.1 below to answer the following question(s). 
 Table 10.1 Refer to Table 10.1. If the payment to labor per day is $100, this T-shirt manufacturer is maximizing profits if he will hire ________ employee(s).

A. one
B. two
C. four
D. five

Answer: C

Economics

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To the extent that the Ricardian equivalence theorem is true, which of the conditions below will hold?

A) Increases in the government budget deficit will not affect aggregate demand. B) Investment spending will not be considered part of aggregate demand. C) The long-run aggregate supply curve will not be vertical. D) Exports will not be considered part of aggregate demand.

Economics

Recent research by Keynesians and classicals has led to

A) a reconciliation of the types of models they use. B) the recognition by classical economists that prices adjust very slowly. C) convincing evidence that TFP shocks are the dominant force affecting the business cycle. D) the refutation of the efficiency wage model.

Economics